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Troubled NBI Inc. said it fired more than half its work force and is discontinuing its hardware business to focus
 on its software and service operations. The ailing company, which has reported net losses for 16 consecutive 
quarters, said it won't manufacture network computer systems any more and will greatly reduce its costly direct 
sales force. Altogether, NBI said it will eliminate 266 jobs at its Boulder headquarters, 176 field sales jobs 
and 50 jobs at its Canadian and United Kingdom headquarters. The company's work force will fall to about 400 
people. Stephen G. Jerritts, president and chief executive officer, said customers weren't willing to commit to 
an expensive NBI hardware systems because of the company's financial troubles. Further, he said, the company 
doesn't have the capital needed to build the business over the next year or two. `` We flat ran out of financing 
resources, '' Mr. Jerritts said. `` We had to do something structurally and radically different. '' 
As a result, he said NBI will focus on servicing its installed base of systems, trying to provide maintenance 
for other manufacturers and expanding its software business, using some of the applications it developed for its 
hardware. The company currently offers a word-processing package for personal computers called Legend. The 
company, which recently said it lacked the profits and capital to pay dividends on its Series A convertible 
preferred stock, said it has hired an investment banker to help it raise additional cash. In New York Stock 
Exchange composite trading yesterday, NBI common closed at 93 cents a share, up 31 cents.
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    <desc id="1416" len="3" off="1047">398</desc>
    <desc id="1417" len="29" off="1047">398~400~402~404~406</desc>
    <desc id="1418" len="11" off="1096">416</desc>
    <desc id="1419" len="19" off="1113">420~422</desc>
    <desc id="1420" len="3" off="1147">428</desc>
    <desc id="1421" len="21" off="1147">428~430~432</desc>
    <desc id="1422" len="24" off="1176">438~440~442~444</desc>
    <desc id="1423" len="2" off="1201">446</desc>
    <desc id="1424" len="3" off="1218">452</desc>
    <desc id="1425" len="13" off="1218">452~454</desc>
    <desc id="1426" len="11" off="1233">459~461</desc>
    <desc id="1427" len="25" off="1262">467~469~471</desc>
    <desc id="1428" len="18" off="1292">475~477</desc>
    <desc id="1429" len="6" off="1318">481</desc>
    <desc id="1430" len="12" off="1326">486~488</desc>
    <desc id="1431" len="2" off="1360">498</desc>
    <desc id="1432" len="23" off="1370">502~504~506~508</desc>
    <desc id="1433" len="7" off="1374">504</desc>
    <desc id="1434" len="7" off="1386">508</desc>
    <desc id="1435" len="9" off="1401">514</desc>
    <desc id="1436" len="3" off="1414">518</desc>
    <desc id="1437" len="41" off="1414">518~520~522~524~526~528</desc>
    <desc id="1438" len="2" off="1462">534</desc>
    <desc id="1439" len="20" off="1475">540~542~544</desc>
    <desc id="1440" len="2" off="1504">550</desc>
    <desc id="1441" len="15" off="1513">554~556</desc>
    <desc id="1442" len="8" off="1533">563~565</desc>
    <desc id="1443" len="24" off="1533">563~565~567~569</desc>
    <desc id="1444" len="42" off="1533">563~565~567~569~571~573</desc>
    <desc id="1445" len="3" off="1587">579</desc>
    <desc id="1446" len="10" off="1587">579~581</desc>
    <desc id="1447" len="8" off="1608">587~589</desc>
    <desc id="1448" len="5" off="1619">593</desc>
    <desc id="1449" len="8" off="1629">599~601</desc>
  </rep>
  <rep id="edu.mit.discourse.rep.coref">
    <desc id="1450" len="1590" off="0">NBI|1368,1369,1371,1372,1374,1376,1379,1381,1383,1384,1386,1390,1395,1400,1402,1404,1406,1408,1411,1415,1416,1420,1423,1424,1426,1430,1431,1436,1438,1440,1445</desc>
    <desc id="1451" len="29" off="32">more than half its work force|1370</desc>
    <desc id="1452" len="21" off="83">its hardware business|1373</desc>
    <desc id="1453" len="35" off="118">its software and service operations|1375</desc>
    <desc id="1454" len="10" off="194">net losses|1377</desc>
    <desc id="1455" len="24" off="209">16 consecutive quarters|1378</desc>
    <desc id="1456" len="24" off="261">network computer systems|1380</desc>
    <desc id="1457" len="30" off="319">its costly direct sales force|1382</desc>
    <desc id="1458" len="8" off="390">266 jobs|1385</desc>
    <desc id="1459" len="24" off="402">its Boulder headquarters|1387</desc>
    <desc id="1460" len="20" off="428">176 field sales jobs|1388</desc>
    <desc id="1461" len="7" off="454">50 jobs|1389</desc>
    <desc id="1462" len="44" off="465">its Canadian and United Kingdom headquarters|1391</desc>
    <desc id="1463" len="8" off="469">Canada|1392</desc>
    <desc id="1464" len="14" off="482">United Kingdom|1393</desc>
    <desc id="1465" len="24" off="511">The company's work force|1394</desc>
    <desc id="1466" len="17" off="549">about 400 people|1396</desc>
    <desc id="1467" len="445" off="568">Stephen G. Jerritts|1397,1403,1410,1414</desc>
    <desc id="1468" len="9" off="633">customers|1398</desc>
    <desc id="1469" len="33" off="673">an expensive NBI hardware systems|1399</desc>
    <desc id="1470" len="32" off="718">the company's financial troubles|1401</desc>
    <desc id="1471" len="18" off="796">the capital needed|1405</desc>
    <desc id="1472" len="20" off="842">the next year or two|1407</desc>
    <desc id="1473" len="20" off="886">financing resources|1409</desc>
    <desc id="1474" len="46" off="946">something structurally and radically different|1412</desc>
    <desc id="1475" len="8" off="1001">a result|1413</desc>
    <desc id="1476" len="29" off="1047">its installed base of systems|1417</desc>
    <desc id="1477" len="11" off="1096">maintenance|1418</desc>
    <desc id="1478" len="19" off="1113">other manufacturers|1419</desc>
    <desc id="1479" len="21" off="1147">its software business|1421</desc>
    <desc id="1480" len="24" off="1176">some of the applications|1422</desc>
    <desc id="1481" len="13" off="1218">its hardware|1425</desc>
    <desc id="1482" len="62" off="1262">a word-processing package|1427,1429</desc>
    <desc id="1483" len="18" off="1292">personal computers|1428</desc>
    <desc id="1484" len="23" off="1370">the profits and capital|1432</desc>
    <desc id="1485" len="7" off="1374">the profits|1433</desc>
    <desc id="1486" len="7" off="1386">capital|1434</desc>
    <desc id="1487" len="9" off="1401">dividends|1435</desc>
    <desc id="1488" len="41" off="1414">its Series A convertible preferred stock|1437</desc>
    <desc id="1489" len="20" off="1475">an investment banker|1439</desc>
    <desc id="1490" len="15" off="1513">additional cash|1441</desc>
    <desc id="1491" len="8" off="1533">New York|1442</desc>
    <desc id="1492" len="24" off="1533">New York Stock Exchange|1443</desc>
    <desc id="1493" len="42" off="1533">New York Stock Exchange composite trading|1444</desc>
    <desc id="1494" len="10" off="1587">NBI common|1446</desc>
    <desc id="1495" len="8" off="1608">93 cents|1447</desc>
    <desc id="1496" len="5" off="1619">share|1448</desc>
    <desc id="1497" len="8" off="1629">31 cents|1449</desc>
  </rep>
  <rep id="es.ucm.nil.indication.rep.indication">
    <desc id="1498" len="17" off="0">1368|MOD:DESC:2|NUC:DIST:4~6</desc>
    <desc id="1499" len="2" off="23">1369|NUC:DIST:10</desc>
    <desc id="1500" len="29" off="32">1370|MOD:DIST:14~16~18|MOD:DIST:20|MOD:DIST:22|NUC:DIST:24</desc>
    <desc id="1501" len="3" off="47">1371|NUC:DIST:20</desc>
    <desc id="1502" len="3" off="83">1372|NUC:DIST:32</desc>
    <desc id="1503" len="21" off="83">1373|MOD:DIST:32|MOD:DIST:34|NUC:DIST:36</desc>
    <desc id="1504" len="3" off="118">1374|NUC:DIST:44</desc>
    <desc id="1505" len="35" off="118">1375|MOD:DIST:44|MOD:DIST:46~48~50|NUC:DIST:52</desc>
    <desc id="1506" len="18" off="155">1376|MOD:DIST:57|MOD:DESC:59|NUC:DIST:61</desc>
    <desc id="1507" len="10" off="194">1377|MOD:DESC:71|NUC:DIST:73</desc>
    <desc id="1508" len="24" off="209">1378|MOD:DIST:77|MOD:DESC:79|NUC:DIST:81</desc>
    <desc id="1509" len="2" off="240">1379|NUC:DIST:87</desc>
    <desc id="1510" len="24" off="261">1380|MOD:DIST:95~97|NUC:DIST:99</desc>
    <desc id="1511" len="3" off="319">1381|NUC:DIST:113</desc>
    <desc id="1512" len="30" off="319">1382|MOD:DIST:113|MOD:DESC:115|MOD:DIST:117~119|NUC:DIST:121</desc>
    <desc id="1513" len="3" off="363">1383|NUC:DIST:130</desc>
    <desc id="1514" len="2" off="372">1384|NUC:DIST:134</desc>
    <desc id="1515" len="8" off="390">1385|MOD:DIST:140|NUC:DIST:142</desc>
    <desc id="1516" len="3" off="402">1386|NUC:DIST:146</desc>
    <desc id="1517" len="24" off="402">1387|MOD:DIST:146|MOD:DIST:148|NUC:DIST:150</desc>
    <desc id="1518" len="20" off="428">1388|MOD:DIST:154|MOD:DIST:156|MOD:DIST:158|NUC:DIST:160</desc>
    <desc id="1519" len="7" off="454">1389|MOD:DIST:164|NUC:DIST:166</desc>
    <desc id="1520" len="3" off="465">1390|NUC:DIST:170</desc>
    <desc id="1521" len="44" off="465">1391|MOD:DIST:170|MOD:DIST:172~174~176~178|NUC:DIST:180</desc>
    <desc id="1522" len="8" off="469">1392|NUC:DIST:172</desc>
    <desc id="1523" len="14" off="482">1393|NUC:DIST:176~178</desc>
    <desc id="1524" len="24" off="511">1394|MOD:DIST:185|MOD:DIST:187~189|MOD:DIST:191|NUC:DIST:193</desc>
    <desc id="1525" len="7" off="515">1395|NUC:DESC:187</desc>
    <desc id="1526" len="17" off="549">1396|MOD:DIST:201~203|NUC:DIST:205</desc>
    <desc id="1527" len="58" off="568">1397|NUC:DIST:210~212~214|MOD:DESC:218~220~222~224~226</desc>
    <desc id="1528" len="9" off="633">1398|NUC:DIST:232</desc>
    <desc id="1529" len="33" off="673">1399|MOD:DIST:246|MOD:DESC:248|MOD:DIST:250|MOD:DESC:252|NUC:DIST:254</desc>
    <desc id="1530" len="3" off="686">1400|NUC:DIST:250</desc>
    <desc id="1531" len="32" off="718">1401|MOD:DIST:260|MOD:DESC:262~264|MOD:DESC:266|NUC:DIST:268</desc>
    <desc id="1532" len="7" off="722">1402|NUC:DIST:262</desc>
    <desc id="1533" len="2" off="761">1403|NUC:DIST:277</desc>
    <desc id="1534" len="11" off="770">1404|MOD:DIST:283|NUC:DIST:285</desc>
    <desc id="1535" len="18" off="796">1405|MOD:DIST:293|NUC:DIST:295|MOD:DESC:297</desc>
    <desc id="1536" len="12" off="824">1406|MOD:DIST:303|NUC:DIST:305</desc>
    <desc id="1537" len="20" off="842">1407|MOD:DIST:309|MOD:DIST:311|NUC:DIST:313~315~317</desc>
    <desc id="1538" len="2" off="867">1408|NUC:DIST:324</desc>
    <desc id="1539" len="20" off="886">1409|MOD:DESC:334|NUC:DIST:336</desc>
    <desc id="1540" len="12" off="911">1410|MOD:DIST:342|NUC:DIST:344</desc>
    <desc id="1541" len="2" off="933">1411|NUC:DIST:353</desc>
    <desc id="1542" len="46" off="946">1412|NUC:DIST:361|MOD:DESC:363~365~367~369</desc>
    <desc id="1543" len="8" off="1001">1413|MOD:DIST:378|NUC:DIST:380</desc>
    <desc id="1544" len="2" off="1011">1414|NUC:DIST:384</desc>
    <desc id="1545" len="3" off="1019">1415|NUC:DIST:388</desc>
    <desc id="1546" len="3" off="1047">1416|NUC:DIST:398</desc>
    <desc id="1547" len="29" off="1047">1417|MOD:DIST:398|MOD:DESC:400|NUC:DIST:402|MOD:DIST:404~406</desc>
    <desc id="1548" len="11" off="1096">1418|NUC:DIST:416</desc>
    <desc id="1549" len="19" off="1113">1419|MOD:DIST:420|NUC:DIST:422</desc>
    <desc id="1550" len="3" off="1147">1420|NUC:DIST:428</desc>
    <desc id="1551" len="21" off="1147">1421|MOD:DIST:428|MOD:DIST:430|NUC:DIST:432</desc>
    <desc id="1552" len="24" off="1176">1422|MOD:DIST:438~440|MOD:DIST:442|NUC:DIST:444</desc>
    <desc id="1553" len="2" off="1201">1423|NUC:DIST:446</desc>
    <desc id="1554" len="3" off="1218">1424|NUC:DIST:452</desc>
    <desc id="1555" len="13" off="1218">1425|MOD:DIST:452|NUC:DIST:454</desc>
    <desc id="1556" len="11" off="1233">1426|MOD:DIST:459|NUC:DIST:461</desc>
    <desc id="1557" len="25" off="1262">1427|MOD:DIST:467|MOD:DIST:469|NUC:DIST:471</desc>
    <desc id="1558" len="18" off="1292">1428|MOD:DESC:475|NUC:DIST:477</desc>
    <desc id="1559" len="6" off="1318">1429|NUC:DESC:481</desc>
    <desc id="1560" len="12" off="1326">1430|MOD:DIST:486|NUC:DIST:488</desc>
    <desc id="1561" len="2" off="1360">1431|NUC:DIST:498</desc>
    <desc id="1562" len="23" off="1370">1432|MOD:DIST:502|NUC:DIST:504~506~508</desc>
    <desc id="1563" len="7" off="1374">1433|NUC:DIST:504</desc>
    <desc id="1564" len="7" off="1386">1434|NUC:DIST:508</desc>
    <desc id="1565" len="9" off="1401">1435|NUC:DIST:514</desc>
    <desc id="1566" len="3" off="1414">1436|NUC:DIST:518</desc>
    <desc id="1567" len="41" off="1414">1437|MOD:DIST:518|MOD:DESC:520~522|MOD:DESC:524|MOD:DESC:526|NUC:DIST:528</desc>
    <desc id="1568" len="2" off="1462">1438|NUC:DIST:534</desc>
    <desc id="1569" len="20" off="1475">1439|MOD:DIST:540|MOD:DESC:542|NUC:DIST:544</desc>
    <desc id="1570" len="2" off="1504">1440|NUC:DIST:550</desc>
    <desc id="1571" len="15" off="1513">1441|MOD:DESC:554|NUC:DIST:556</desc>
    <desc id="1572" len="8" off="1533">1442|NUC:DIST:563~565</desc>
    <desc id="1573" len="24" off="1533">1443|NUC:DIST:563~565~567~569</desc>
    <desc id="1574" len="42" off="1533">1444|MOD:DESC:563~565~567~569|MOD:DESC:571|NUC:DIST:573</desc>
    <desc id="1575" len="3" off="1587">1445|NUC:DIST:579</desc>
    <desc id="1576" len="10" off="1587">1446|NUC:DIST:579|MOD:DESC:581</desc>
    <desc id="1577" len="8" off="1608">1447|MOD:DIST:587|NUC:DIST:589</desc>
    <desc id="1578" len="5" off="1619">1448|NUC:DIST:593</desc>
    <desc id="1579" len="8" off="1629">1449|MOD:DIST:599|NUC:DIST:601</desc>
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</story>
